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Results: 1-10 of 47

Internet proxy solicitation: shareholder choice means companies must prepare early
  • Locke Lord LLP
  • USA
  • September 27 2007

Shareholders may soon choose to receive proxy solicitations via the Internet


The Brocade options backdating trial: Reyes found guilty on all counts
  • Locke Lord LLP
  • USA
  • August 8 2007

On Tuesday, August 7, 2007, after more than a week of deliberations, the jury in the criminal trial of ex-Brocade CEO Greg Reyes returned a guilty verdict


SEC releases competing proposals for shareholder participation in contested elections
  • Locke Lord LLP
  • USA
  • July 30 2007

On July 27, 2007, the Securities and Exchange Commission posted two separate proposing releases that relate to shareholder access to a public company’s proxy ballot in connection with director elections


PCAOB study: post-SOX drop in market reaction to restatements
  • Locke Lord LLP
  • USA
  • October 24 2007

In a working paper recently released, the Public Company Accounting Oversight Board (PCAOB), a non-profit entity created by the Sarbanes-Oxley Act (SOX) to oversee the auditors of public companies, found that the loss in market value following announcements of financial restatements has diminished since the July 30, 2002 implementation of SOX


SEC launches options backdating suit against Broadcom executives
  • Locke Lord LLP
  • USA
  • June 5 2008

The SEC has filed a civil action against four Broadcom executives and its General Counsel in connection with alleged options backdating activity at the company between 1998 and 2003


Delaware Court of Chancery tackles issue of first impression and rules that stock option backdating violates a director’s fiduciary duty of loyalty
  • Locke Lord LLP
  • USA
  • October 9 2007

In Ryan v. Gifford, 918 A.2d 341 (Del. Ch. 2007), the Delaware Court of Chancery addressed a novel issue of Delaware law: whether backdating stock option grants violates one or more fiduciary duties


Massachusetts federal court: subsequent demand moots demand-excused derivative suit
  • Locke Lord LLP
  • USA
  • June 25 2008

The United States District Court for the District of Massachusetts recently granted a motion to dismiss a “demand excused” shareholder derivative suit on the basis that the suit was mooted by the plaintiffs’ subsequent demand letter


SEC permits (and may require) proxy solicitations on the internet
  • Locke Lord LLP
  • USA
  • February 5 2007

Issuers and third parties will soon be able to solicit proxies for annual meetings by posting proxy materials on an Internet website


ARS derivative suits will need to overcome business judgment rule
  • Locke Lord LLP
  • USA
  • October 12 2010

In the past few months, several derivative suits against mutual fund issuers of auction rate securities (ARS) have hit the courts


SEC proposes rules on required say-on-pay and golden parachute votes
  • Locke Lord LLP
  • USA
  • November 1 2010

The Dodd-Frank Wall Street Reform and Consumer Protection Act, signed into law in July 2010, will require public companies to put specific matters to their stockholders for non-binding, advisory votes as early as January 2011